Earnings ·
Las Vegas Sands reports Q3 net income of $352M and raises annual dividend to $1.44 per share
LVSLas Vegas Sands Corp
Las Vegas Sands reported third-quarter net revenue of $3.22 billion, down from $3.33 billion in the prior year period. Net income fell to $352 million from $491 million, with diluted earnings per share declining to $0.48 from $0.61. Consolidated adjusted property EBITDA was $1.12 billion compared to $1.34 billion a year ago. The company repurchased $950 million of common stock during the quarter and announced a 20% increase in its recurring annual dividend, raising it to $1.44 per share ($0.36 per quarter). Las Vegas Sands is the leading global developer and operator of integrated resorts.